Building your custom dream home can be an exciting project but requires a significant financial investment.
A construction loan is a short-term financing option that provides funds to borrowers in installments as they progress through various stages of the construction process until the project has been completed. This type of loan is beneficial for those who are building a home from the ground up. A common misconception is that a construction loan is the same as a traditional mortgage, but the two differ significantly regarding how they work and eligibility requirements.
Loans for new home construction in Oklahoma or Texas
Interest-only payments
Lot financing may be included
80% or lower of the cost or appraised value
Available in Texas and Oklahoma
Up to $1,000,000 loan amount
Primary residence only
Secure loan financing for new home constructions in Oklahoma City, Norman, Central Oklahoma and Dallas/Ft. Worth. To get prequalified or start the application process, contact an FLB Mortgage Lender, email us for more information, or visit one of our branch locations in Oklahoma City, Oklahoma, Norman, Oklahoma, or Frisco, Texas today!
This is not a commitment to lend; you must submit additional information for review and approval. Rate, Annual Percentage Rate (APR), and terms are subject to change without notice. Certain restrictions apply to all programs. See your FLB Mortgage Loan Officer for complete program guidelines, loan application, applicable fees, and annual percentage rates (APRs) for all loan programs. Full underwritten approval is required, and all loan approvals are subject to credit, income and asset review and approval. Bank NMLS#1215182